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Rare Lands Economy. New Branch Of Economic Sciences

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  • Emilian M. Dobrescu

Abstract

For the first time in economics use this phrase - "rare lands economics, the discipline of the border, which is holding up the subject of the economy as general science and rare lands mining and processing operations”. Economy and rare lands production and use of sophisticated technologies based on them, I propose to appoint rare lands economics. The planet, more than a quarter of new technologies for the production of economic goods economic use of rare lands s, which are also called critical minerals and industries that rely on the valuable items worth an estimated nearly five trillion dollars, or 5 percent of world gross domestic product. In the near future, competition will increase and Local Economic competition for control of rare lands minerals and incorporated into high-tech products. Minerals are rare in the twenty-first century what oil accounted for the twentieth century, and coal for the nineteenth century: the engine of a new industrial revolution. Future Energy is produced increasingly more technological equipment are based not only steel and concrete, but incorporates significant quantities of ferrous metals and rare lands s. Wide application of these technologies will lead to an exponential increase in demand for this type of mineral, and what is worrying is that such minerals are almost unavailable in Europe and other industrialized countries in the world, such as U.S. and Japan. Becoming increasingly used in new technologies, especially negative effects on the environment, the lands are mainly produced in China. Obtained by highly polluting processes, these metals are difficult to substitute. Their limited accessibility worries the West.

Suggested Citation

  • Emilian M. Dobrescu, 2010. "Rare Lands Economy. New Branch Of Economic Sciences," Business&Leadership, Scientific Society of Management from Romania, vol. 3(1), pages 31-52, March.
  • Handle: RePEc:ssm:journl:tome:5:y:2010:i:1(5):p:31-52
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    Cited by:

    1. Emilian M. Dobrescu & Edith Mihaela Dobre, 2013. "Afganistan And Rare Earths," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 1(1), pages 52-56, May.

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